Kalipa

Kalipa is 63 years old, married and raising eight children together with her husband. Kalipa has a secondary education. To provide the primary source of income for her family, Kalipa is involved in animal husbandry and farming, having started 20 years ago with a purchase of livestock with 9,000 som (KGS). Thanks to Kalipa's hard work, today her business contains 2 dairy cows, 1 horse, 50 sheep and also three hecteares of land, where she annually grows beans and potatoes. The monthly income amounts to 10,000 som (KGS). In order to further develop her business, Kalipa requested a loan in the amount of 40,000 som (KGS) from the microfinance bank "Bai-Tushum and Partners" to buy calves in order to increase livestock headcount. Kalipa plans to invest the earnings from the loan into further increasing domestic livestock quantities and saving money to build a new house for her son.

Additional Information

About Bai Tushum Bank CJSC

Bai Tushum Bank CJSC is a microfinance bank in Kyrgyzstan offering clients a range of products including loans for business development, trade, production, leasing, mortgage, consumption and more. Its portfolio is mostly comprised of group loans that cater to the broadest population of clients. Kiva lenders’ funds help the bank expand its services in remote areas to impact even more vulnerable communities in Kyrgyzstan.